In Receiver's agreement-12 CFR 210.28 it is clearly mentioned that:

[answerhappygod]

In Receiver's agreement-12 CFR 210.28 it is clearly mentioned that:

A. Receiving bank authorizes the Reserve Bank to credit the receiving bank's account
B. An off-line bank warrants to the Reserve Bank that it does not act as an intermediary bank or a beneficiary's bank for payment orders received for a beneficiary that is a bank, unless the off-line bank notifies the Reserve Bank in writing
C. A Reserve Bank has rights of a creditor to recover an overdraft, including the right of set off
D. Reserve Banks, when acting as beneficiary's bank, payment order that identifies the beneficiary